DEG 1.66% $1.23 de grey mining limited

Ann: Further positive results extend Aquila and Crow, page-159

  1. 637 Posts.
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    Interesting little segment that I read at Casey research giving estimates of value of gold in the ground .Proven and probable estimated at 160$ an ounce ,indicated at 30$ an ounce.Lets be generous and say DEG by next summer will have 5 million ounces ( a great discovery) that will give DEG a value next summer of 700 to 800 million assuming that they find that much.Most times it is a mix of proven ,indicated etc .This is about half of the current value .Expect DEG to fall further to a minimum of a 50% correction of the high ie 70-75 cents .This board still is very bullish and lots of notes (a contrary indicator) .Many explorer stocks have already corrected down a minimum of 50% so DEG has further to fall as the extreme bullishness fades and the bubble mentality disappears .
 
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Last
$1.23
Change
0.020(1.66%)
Mkt cap ! $2.935B
Open High Low Value Volume
$1.23 $1.24 $1.21 $8.926M 7.267M

Buyers (Bids)

No. Vol. Price($)
8 334167 $1.23
 

Sellers (Offers)

Price($) Vol. No.
$1.23 25000 1
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Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
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